Axis Bank, Citi, HDFC Bank, ICICI Bank, Kotak Mahindra, Punjab National Bank and State Bank of India were rapped by the telecom regulator on Monday for persisting with marketing calls and SMS made through unregistered telemarketers.A Telecom Regulatory Authority of India release has threatened to cut off their telephone lines.
“Seven banks have been found to be flouting regulations by marketing their products and services through unregistered telemarketers. These banks have been directed to look into the specific cases of breach, initiate corrective action and report back to the Authority within a period of seven days, failing which the banks are liable to have all their telecom resources disconnected throughout the country,” the release said.
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